WEDNESDAY 27 OCTOBER, 2010 |
NEWSFLASH: NSW Solar Bonus Scheme Revamped
Updated: Wednesday 2.15pm
Rates for the hugely popular feed in tariff program in New South Wales, the Solar
, have been scaled back dramatically for new connections under the program.
According to a release from the Premier of New South Wales, Kristina Keneally, due to the unexpected rate of subscription in the first 10 months of the Solar Bonus
Scheme, the Government today announced a major revamp that see the
immediate close of the current program at midnight to new connections
the introduction of a new program with a rate of 20 cents/kWh paid to
Important: Customers already participating in the scheme will not be affected by the changes.
Customers who have already purchased a solar power system by midnight tonight but have yet to
have it installed will have 21 days to lodge their applications to join the program in order to receive the 60c/kWh.
Given this information, Energy Matters has extended its office hours
to 11pm tonight (Wednesday), for those NSW households who have not yet paid a
deposit on a system. By putting down a deposit on a solar power system today/tonight and submitting
for the Solar Bonus Scheme within 21 days, these households will still receive the
60c per kilowatt hour.
We do expect the lines to be busy right up until 11pm; so we suggest calling our
hotline on 1300 727 151 as soon as possible.
This new rate is a huge decrease from the previous 60c per kilowatt hour paid previously
in what was one of the most generous solar
feed in tariff
schemes in Australia. While the rate per kilowatt hour has
been slashed, the Government says the overall capacity limit of 300 MW for all generators connected under the
Scheme is "far more generous than caps that exist in other states including Victoria
and the ACT," - meaning more households will be able to participate in the
The New South Wales Solar Bonus Scheme went
in August after reaching its first milestone of 50 megawatts
While in the review period, the NSW Opposition called for the scheme to
altogether, stating it had "exploded in the face of
consumers" in terms of increasing electricity costs; however, the Clean
Energy Council said the cost of supporting the program was a "drop
in the ocean
" compared to the billions of dollars in network costs that
it says were the major culprits for driving a spike in electricity prices in
The new program will be subject to a review on 1 July 2012 and at the end of the program
(31 December 2016).
Please note: As this is a breaking story, there is a great deal of missing information
regarding the announcement at this point. Energy Matters will update this news
item as additional information comes to hand.
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